The Greensboro, North Carolina-based company said net income rose to $252.8 million, or 63 cents per share, from $209.2 million, or 50 cents per share, a year earlier.

VF has adopted a four-point strategy aimed at boosting its direct-to-consumer and digital businesses and directing investment to Asia, with a focus on China.

It completed the sale of its Nautica brand business to Authentic Brands Group, LLC, a brand-development company based in New York, on Monday.

For full-year fiscal 2019, the company expects revenue in the range of $13.45 billion to $13.55 billion, reflecting growth of approximately 9 percent to 10 percent. Adjusted earnings per share is expected to be in the range of $3.48 to $3.53 for fiscal 2019, reflecting growth between 11 percent and 13 percent.

Analysts on average are expecting earnings of $3.48 per share and sales of $13.30 billion for fiscal 2019, according to Thomson Reuters I/B/E/S.